Nasdaq Launches Purpose Initiative to Advance Inclusive Growth and Prosperity
Announces New Mission for the Nasdaq Foundation to Champion Diversity in Investor Engagement
Launches ‘Smart Investing’ Portal with Educational Resources for
At Nasdaq, our purpose is to champion inclusive growth and prosperity. We power stronger economies, create more equitable opportunities, and contribute to a more sustainable world to help our communities, clients, employees and people of all backgrounds reach their full potential.
While the capital markets are a fundamental engine of prosperity, economic growth, job creation, and innovation, there are structural factors across society that have created challenges for women and underpresented minorities to achieve equal access to capital. There are many proof points that demonstrate the outcome of those challenges, including data that shows women of color are starting new businesses faster than anyone else, yet less than 3% of venture capital in the
“Unequal participation in the markets is deepening the divide within our communities, and more needs to be done to level the playing field for entrepreneurs and investors of all ages, genders, and races,” said
The New Nasdaq Foundation: Advancing Diversity in Investor Engagement
Nasdaq will relaunch the
“For nearly half a century, Nasdaq has provided unwavering support to entrepreneurs and believed in their potential to shape the world,” said
In addition to committing to an annual contribution tied to our operating profits, Nasdaq has made a one-time capital injection of
Extending our Commitment to our Communities: Increasing Capital Markets Participation
To complement Nasdaq’s renewed commitment to create lasting, positive change, our efforts will be further amplified through the Nasdaq GoodWorks employee volunteerism program and the Nasdaq Entrepreneurial Center, an independent 501(c)(3) organization committed to bringing access and equity to the global entrepreneurial ecosystem.
GoodWorks will identify new philanthropic and employee volunteerism opportunities with local charities and non-profit organizations that promote diversity in entrepreneurship and investor engagement. Nasdaq will also continue to support the Entrepreneurial Center’s mission to deliver resources and mentorship to entrepreneurs of every background, with programs specifically focused on women and underrepresented minorities, to strengthen, scale, and bring to market their ventures. In the last four years, the Entrepreneurial Center has reached over 25,000 current and aspiring entrepreneurs from over 90 countries through 5,000 hours of free education, supported by more than 700 faculty, coaches, and executive mentors.
Revitalizing Investor Education & Engagement through Nasdaq’s ‘Smart Investing’ Portal
Nasdaq has launched a Smart Investing portal to inform the general public on all elements of retail trading and investing. This educational hub includes a range of resources on the principles of investing, from how diversification can help reduce risks, to how ETFs and options work. New content will be added on a regular basis and is organized in three categories: introduction to investing; money matters; and trading essentials. With data showing 14% of Americans do not invest because they don’t know how2, Nasdaq believes that greater access to educational resources can help to drive increased investor engagement from all ages, genders, and race. Aligned with Nasdaq’s renewed purpose, the Smart Investing portal’s tools are aimed to help investors – both seasoned and novice alike – make more informed decisions about saving, trading, and protecting their money.
1 – Source: American Express, PitchBook
2 – Source: GOBankingRates
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
About the Nasdaq Foundation:
Relaunched in 2020, the Nasdaq Foundation’s mission will leverage Nasdaq’s role in the capital markets to equip under-represented communities with the financial knowledge to build a prosperous future and participate in an ecosystem that supports and sustains their growth. www.nasdaq.com/nasdaq-foundation.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq’s Purpose Initiative and other initiatives, the
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